Laureana

Update on Laureana

Laureana was born in the Pitumarca (Cusco, Peru) community but now lives in the city of Salvación. The city of Salvación is located in the district of Manu in the province of Manu within the department of Madre de Dios, Peru.

Laureana is 47 years old and is married with four children. She is a hard working and entrepreneurial mother who is moving her family forward. Her main economic activity is the sale of soft drinks and clothing. She has a small stand in one of the markets of the city where she lives. She always spends her free time working in agriculture. She has had this business for several years and sees that it is going very well for her thanks to the perseverance that she puts forth in her work. She belongs to the Communal Bank "Tesoritos del Manu" (Little Treasures from Manu) and needs a loan now to buy supplies including sacks of sugar, artificial colorants, fruits and other items. She is thankful for the loan and values its worth. She is committed to paying her monthly loan installments.

Previous Loan Details

Laureana belongs to the community bank "Tesoritos del Manu" (Manu's Little Treasures) and meetings take place every 30 days in the city of Salvacion, in the province of Manu in the state of Madre de Dios.
Laureana is 44 years old, married and has two children. She was born in the city of Sicuan...
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Additional Information

More information about this loan

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.